FUMO: Future of Money Podcast

Inside African FinTech: Markets, Challenges & Opportunities | (with Wiza Jalakasi, Emerging Markets Fintech Expert) | Fintech

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Are you curious about the fintech industry in Africa? Do you want to know how mobile money services have transformed financial services on the continent? Are you an entrepreneur looking to secure investment in the competitive landscape of Africa’s fintech industry?

In this episode, we hosted Wiza Jalakasi, Emerging Markets Fintech Expert on our latest podcast episode to explore the African fintech industry, discussing key markets and countries such as Kenya, Nigeria, and South Africa. We also delve into the impact of mobile money services like M-Pesa on the continent and how they have revolutionised financial services for millions of people.

Explore VC models and how it has evolved in Africa over time, providing insights into what investors look for when evaluating startups and offering advice on how to stand out in this competitive landscape.

Listen to the podcast to explore:

  • Key markets and countries in the African FinTech industry
  • Mobile money services like M-Pesa and their impact on financial services in Africa
  • Factors driving growth in the African FinTech industry, including supportive regulatory environments, increasing mobile money adoption rates
  • Challenges faced by startups during periods of funding and how they can navigate these challenges to secure investment
  • The VC model in Africa and what investors look for when evaluating startups


00:04 – Introduction
02:00 – Fintech in Africa
03:30 – How mobile money services like M-Pesa have contributed to the growth of Fintech in Africa
05:20 – VC funding for African startups
07:20 – Opportunities of building a Fintech business
22:30 – The Future of Fintech in Africa

Episode Guest

Wiza Jalakasi

Emerging Markets Fintech Expert

Wiza is the former VP of Global Developer Relations at Chipper Cash. He is an international business development expert specialising in the setup and operations of high-performance technology startups across Africa, often sharing moments from his journey on Twitter @wizaj.

Podcast hosts

Ronit Ghose

Global Head, Future of Finance at Citi

Ronit Ghose is the Global Head, Future of Finance, Citi’s think tank for the future of money and technology. Ronit’s current areas of focus include Digital Assets, the Metaverse, Web3, the applications of AI to Finance and other frontier topics. Previously, Ronit was Global Head of Banks and Fintech Research for Citi.

Ronit is an Advisor to various Governments, Universities, VC investors and tech firms in the UK, UAE and Africa. Prior to joining Citi, he worked at the British Bankers’ Association and was a research assistant in the UK Parliament for a former Prime Minister. He has an undergraduate degree from the University of Oxford & a postgraduate diploma from the University of London.

Gaurav Dhar

Group CEO of Marshal Fintech Partners

Gaurav is a seasoned leader in the FinTech industry and currently serves as the Group CEO of Marshal Fintech Partners in Dubai. He is also a board member of Deem Bank, The Mena Fintech Association and TiE Dubai.

With over 19 years of experience at Marshal, he has established himself as a pioneering force in the development of FinTech ecosystems and solutions. 

By devoting his personal time to working with innovators, he has built an extensive network of relationships with VCs, incubators, accelerators, start-ups, and angel syndicates, both locally and globally.

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